Coinkolik

Aside from a small drop in the middle of the week, crypto markets have been relatively inactive and trading sideways over the past few days. However, about 18,280 Bitcoin options contract will expire on May 10, which may create some volatility. According to Deribit, the face value of BTC contracts expiring this week is about $1.15 billion.

The latest situation in Bitcoin options

The call/call ratio for this week's BTC options was recorded at 0.64. This development means that there are more buys or long contracts expiring than the short. Open interest (OI) is dominant, with around $700 million at $70,000 and $100,000 strike prices in Long positions.

According to Deribit, OI for contracts is also starting to rise at around $360 million at $50,000. Overall, the open interest for Bitcoin call options is more than double the OI for put options, indicating investor sentiment that tends rise.

Call options give you the right to acquisition the asset at a predetermined price on or before a certain date. In addition, firms such as QCP Capital and Paradigm have observed a revival of demand for upside call options, including buyers closing positions that expire in July and September.

What's going on in the Crypto market?

Crypto markets gained 2.1% on the day, reaching $2.45 trillion in total market capitalization. However, they have been accumulating around this level with little movement in either direction since mid-April.

Bitcoin fell below $61,000 on May 9 but rebounded to reach $63,000 in the Asian trading session on Friday morning. BTC has been trending fall since its all-time high in mid-March and has lost 15% since then. Ethereum prices hit an intraday low of $2,953 but have since recovered to reach $3,032.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

Render (RNDR) surged 11 percent after Apple mentioned Octane, a 3D design software powered by the Render Network, at its M4 chip presentation.

Apple's vice president of platform architecture, Tim Millet, mentioned the software in his keynote speech, which caught the attention of investors. It has been praised by many commentators for contributing to the rise that the price of RNDR has experienced over the past week.

RNDR agenda in Apple's new product introduction!

Participants noted the software's performance on the new iPad, commenting, "Professional rendering apps like Oktane will definitely fly."

"You can literally see the $RNDR logo in the video," Crypto influencer D0c Crypto said in a May 7 post. The 11 percent price increase following the May 8 announcement contributed to the RNDR's overall 40 percent increase over the past seven days.

Another crypto influencer, Mister Crypto, told his 104,700 X followers on May 9: "Bitcoin is falling, but RNDR doesn't care."

Delightful mobility in artificial intelligence coin!

Meanwhile, other artificial intelligence (AI) coin s have experienced rise in general this week; Fetch.ai (FET) increased by 12.88 percent, The Graph (GRT) by 20.28 percent, and SingularityNET (AGIX) by 16.18 percent. In the coming weeks, investors are set to keep a close eye on AI coin as Nvidia, one of the largest manufacturers of graphics processing units (GPUs), releases its first-quarter 2024 earnings report on May 22.

Investors have attributed AI token price action to the performance of Nvidia shares in the past. Most recently, in April, when AI tokens experienced a slight fall overall, traders saw it as an opportunity to acquisition ahead of the Nvidia earnings report in May.

Crypto trader CryptoGodJohn told his 668,100 X followers on April 27: "A lot of AI coins bottoming out here, it should be an exciting couple of weeks leading up to the Nvidia earnings on May 22nd." Since then, Render has increased by 33 percent and Fetch.ai by 6.5 percent. As many AI coin rallied last week, Nvidia's shares hit a 30-day high on May 6, starting the trading week at $921.40, according to Google Finance data.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

According to Nansen's principal research analyst, there needs to be steep declines in the altcoin s before we can expect a bull run. According to market analysts, the cryptocurrency market could find its local bottom in June, which could signal the beginning of the next altcoin bull cycle

Watch out for June in Crypto coins!

In a tweet on May 8, popular crypto analyst Rekt Capital described the scenario that could await altcoin in June, based on historical chart patterns:

"The altcoin market is following the plan perfectly. Altcoins bottomed out in early February. Altcoins were sold around the BTC halving. They're going to hit rock bottom at the beginning of the summer."

The altcoin market has taken a hit over the past month. The market capitalization of altcoins, excluding the top 10 cryptocurrencies, fell by over 21 percent from the previous month to $265 billion. Despite the monthly decline, altcoin market capitalization is still above 24 percent since the beginning of the year and over 167 percent last year.

"The rise in Bitcoin will trigger the altcoin bull season!"

Nansen's principal research analyst, Aurelie Barthere, told Cointelegraph: Despite a potential local bottom, a altcoin bull run will first require the price of Bitcoin to break out:

"Altcoins are high-beta cryptos and thrive when FOMO is felt. Since mid-March, the level of FOMO among crypto investors has been quite low. BTC price is consolidating around the 20-day Exponential Moving Avarage (EMA), with the potential for further rise. For altcoins to outperform, we need a break above and a clear resumption of the BTC rise trend."

BTC price has been recording lows since mid-March. However, many analysts argue that this is a period of healthy consolidation after the halving Moreover, the charts signal a multi-month bull flag that is taking shape for the ATH.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

Which of the altcoin who started their bull run with Bitcoin (BTC) based on $63,000 stood out?

After testing $60,900, the Bitcoin reversed its course upwards, giving the altcoin market a sigh of relief. The altcoin, which recovered in a short time, started to rise one by one. However, the rises in some altcoin have been sharper and more voluminous. These two elements, which were of great importance in the bullish season, applied to which altcoin's?

##1- Akash Network (AKT)

AKT, which makes a clear difference in the cloud service provider category, increased by 15 percent in the last 24 hours and became the owner of the top. Akash Network, one of the most rising projects of the recent period, seems to make a name for itself in the 2024 bull.

##2- Toncoin (TON)

TON, Telegram's native token, may be perhaps the most popular project of recent times. The TON, which shook the market with the announcement of the NOT airdrop, increased by 12 percent in the last 24 hours. With this development, TON, which took second place, made its name known once again.

##3- The Graph (GRT)

GRT, the silent name of artificial intelligence projects, has finally made a good debut. GRT, which experienced an 11 percent rise in the last 24 hours, was included in the list in third place. If the artificial intelligence trend continues, the outlook in GRT may continue positive.

##4- dogwifhat (WIF)

The popular memecoin of the Solana ecosystem, WIF, has increased by 9 percent in the last 24 hours. Overtaking a large part of the memecoin category, WIF sat in fourth place on the list. Memecoin enthusiasts have high expectations for WIF in 2024.

##5- THORChain (RUNE)

RUNE, which Crypto investors see as a great potential, continues its rise momentum. RUNE, which increased by 8 percent in the last 24 hours, ranked fifth in the list. If the ecosystem continues to evolve, volatility for RUNE may increase.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

Solana is down 5% on fud news about FTX, with current positions showing $125 million at stake

SOL decline is a 40 percent change in open interest. According to data from CoinGlass, this statistic has dropped to $1.78 billion in the last 30 days. This development shows that investors are not confident in taking positions on the pair. However, the Solana's ability to quickly recover from its recent declines, which as of now holds over a hundred million dollars in risk in short positions.

Solana (SOL) confused with various statistics!

Over the past 30 days, the price of SOL has fallen and recovered in a short period of time.On April 19, Solana saw a 5% fall before it could rise to $157, just before its Bitcoin halving on April 20. Similarly, if the SOL rises 5% to $157 again, it will lead to $125 million in liquidations in short positions.

Just a few days before Solana's fall on May 7, crypto influencer CryptoAce told followers of X that the Solana price was in the resistance zone and that a decline towards the $142.50 level was likely.

This controversy could be an indication of positive news that Solana needs for a price increase. On May 7, Solana's total economic value of $2.8 million was close to Ethereum's total economic value of $3.1 million.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

The popular coin, which is well known to the Turkish crypto ecosystem, has attracted great attention with its rise in a short time.

Despite the turbulent progress of the Bitcoin, positive pricing in some altcoin did not go unnoticed. While a large part of the altcoin market lost more than 5 percent of its value, investors were pleased that the names on the list performed the opposite. In particular, Kaspa (KAS), which is at the top of the list, gave strong signals for the bull season. What is the latest situation for KAS that Turkish crypto investors are very familiar with?

Kaspa (KAS) investor is excited!

The KAS, which took flight with the reaction it received from $ 0.1011, soon reached $ 0.1230. The popular coin, which performed better than a large part of the altcoin market, put a smile on the face of its investors. Hailed as one of the star prospects of the bullish season, KAS is currently trading just above the minor support level.

Positive news from the Kaspa ecosystem, factors such as BTC surpassing $65,000 or the decline of BTC dominance could pull the KAS price to $0.1314 – 0.1411 – 0.1486 and $0.1579, respectively. A break above the recent high of $0.1579 will herald a new bull season in the pair.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

Bitcoin (BTC), which has been trending fall for several days, has devastated the altcoin market.

Bitcoin, which has not been able to take a strong stance since the end of the halving, continues to keep the altcoin on their toes. The BTC, which fluctuated between $60,900 and $63,000, triggered sell-side transactions, especially in some projects. So, which altcoin have dominated the market with their declines in the last 24 hours?

1- Sui (SUI)

SUI, which entered 2024 like a bombshell, later lost this effect. Popular altcoin, which declined with the change of trends and the downward direction of the BTC, lost 6.50 percent in the last 24 hours and ranked first in the list. Its investor and exosystem are following the course of events in SUI in confusion.

##2- Worldcoin (WLD)

WLD, one of the first altcoin that comes to mind when it comes to artificial intelligence, experienced a fall of 5.80 percent in the last 24 hours. The WLD, which made exits from time to time by taking advantage of the artificial intelligence trend, started to cause concern with this development. The WLD, which is currently priced at $5.50, may see bigger sales if it fails to maintain this level support.

3- Bittensor (TAO)

Another popular name in the artificial intelligence category, TAO, has lost 5.50 percent in the last 24 hours. The altcoin, which has made a name for itself with its high market capitalization and advanced technology, has made many crypto investors nervous with this price move.

4- Lido DAO (LDO)

The LDO, which draws a price structure in correlation with Ethereum, attracted attention by diverging this time. altcoin, which retreated 5.30 percent with the BTC decline, was included in the list in fourth place. If ETH recovers, it seems that volatile price movements will start in LDO.

##5- SingularityNET (AGIX)

AGIX, one of the prominent altcoin in the field of artificial intelligence, recorded a fall of 4.60 percent in the last 24 hours. With this decline, AGIX, which sat in the fifth place of the list, disappointed the investor base. The demand for the AI trend will be decisive in AGIX's price movements.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

Which altcoins gave hope with their strong stance despite Bitcoin (BTC) losing 7 percent in value in a short time?

Bitcoin, which started its downward movement after reaching $65,500, tested $60,900 in a short time. Even though it received a reaction at this level, the admiral of the cryptocurrencies, which does not yet inspire confidence, naturally increased the sales in altcoins. However, some altcoins did not yield to BTC and gained upward momentum. So which are these altcoins?

1- Case (CAS)

KAS, which made a name for itself by booming in the last quarter of 2023, had made a good start to 2024. However, the popular altcoin, which later underwent a correction, could not fully meet the expectations of the ecosystem and investors. KAS, which is now on the gas again, has taken the throne at the top with its 10 percent rise in the last 24 hours.

2-Akash Network (AKT)

AKT, the leading altcoin in the cloud service provider category, showed a performance of 8.90 percent in the last 24 hours. AKT, which signals a new trend, has been on this list frequently lately. If the upward momentum in the parity continues, AKT may ignite a new trend.

3- THORChain (RUNE)

RUNE, which has been unable to establish a stable price structure, recorded an increase of 8.30 percent in the last 24 hours. RUNE, one of the notable names of ecosystem projects, renewed confidence by rising despite BTC. RUNE investors are following the future price movements with curiosity.

4- Pepper (PEPE)

PEPE, which is eyeing Dogecoin's throne in the Memecoin craze, attracted attention with its 5.80 percent rise in the last 24 hours. The popular altcoin, which has a clearer price structure compared to other memecoins, showed a strong stance in terms of both parity and memecoin trend.

5- Render (RNDR)

RNDR, one of the best-running projects in the artificial intelligence category, has achieved an increase of 5.70 percent in the last 24 hours. Artificial intelligence, which has come to the fore not only in the crypto industry but also globally, has increased the demand for RNDR. RNDR, one of the most rising altcoins of recent days, is getting used to being on this list.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

The Solana network may be on track to surpass the Ethereum network in transaction fees; This is a potentially significant development for Solana's status as the so-called “Ethereum killer.”

According to Dan Smith, senior research analyst at Blockworks, Solana could reverse Ethereum's transaction fees starting this week: “SOL will invest ETH in transaction fees + captured MEV He will translate it this month, maybe even this week.”

Solana-Ethereum competition is getting hotter day by day!

Captured MEV or Maximum Extractable Value mostly refers to profits made through arbitrage in protocols. MEV measures the maximum amount of value that can be extracted from a blockchain by a user or group of users. According to Smith's X post, Solana's $2.8 million total economic value was close to Ethereum's $3.1 million total economic value on May 7:

Defining “total economic value” (give me better names) as total transaction fees + captured MEV returned to validators. Yesterday Ethereum: $3,165,772, Solana: $2,803,313.”

However, Solana's daily transaction fees are still far from Ethereum's. According to DefiLlama data, Ethereum generated over $2.75 million in fees in the last 24 hours, while Solana's was $1.49 million. Looking at the total value locked (TVL), Solana's $3.94 billion TVL is still a small fraction, or about 7.4 percent of the Ethereum network's over $53 billion TVL.

---

Is Solana really an “Ethereum killer”?

Solana launched on mainnet in March 2020 with a claimed throughput of 50,000 transactions per second (TPS), promising to improve Ethereum's lack of scalability and inefficiencies, which has been dubbed the “Ethereum killer.”

Unlike Ethereum's modular approach to scalability through layer-2 (L2) scaling solutions, Solana's monolithic approach aims to create scalability and low fees as an independent blockchain network.

But Solana's approach had come under widespread criticism following previous cuts. At the beginning of April, the demand for memecoins caused approximately 75% of Solana transactions to fail due to the network's inability to meet the massive demand.

On February 6, block production on Solana was halted for approximately five hours before engineers and validators were able to restart the network, according to Solana's status page.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

Which projects gave a red alert in memecoins, which started to see consecutive sales with the decline of Bitcoin (BTC).

Bitcoin, which turned downward after reaching $ 65,500, naturally created a decline in the altcoin market. While most projects lost nearly 10 percent of their value, the fact that this statistic in memecoins was much higher was confusing. Which names experienced the biggest decline not only in the Turkish crypto ecosystem but also in memcoins, which attract great attention globally?

1- Dogecoin (DOGE)

DOGE, the first name that comes to mind when Memecoin is mentioned, has lost a total of 13.30 percent in value since May 6. The popular coin, which has been in a falling trend since $ 0.16905, touched $ 0.14656 and scared its investors. DOGE, which is a determining factor for the Memecoin trend, will pose a great danger if it cannot rise again.

2- Pepper (PEPE)

PEPE, which is at a higher level compared to many memecoins in terms of market value, dropped by 15.68 percent during the day alone. The retreat and increasing dominance in Bitcoin has destroyed the popular coin. PEPE, which is faced with heavy sales especially in the futures market, does not show any signs of recovery yet.

3- dogwifhat (WIF)

WIF, one of the new names in the Memecoin category, recorded a decrease of 22.54 percent in a short time. WIF, which retreated sharply compared to other memecoins, created uneasiness in terms of both the Solana ecosystem and parity. Memecoin, which was traded at $ 3.6865 on May 6, received a reaction from $ 2.8545 and reached $ 2.9394. However, this rise seems quite weak for now.

4- Shiba Inu (SHIB)

SHIB, one of the important names in the dog coins category, lost 12.58 percent in value in the last two days. SHIB, which remained below expectations in the Memecoin craze, continues to pose a danger in declines. Although the Shiba Inu community continues to support the local token, things are not going well for SHIB.

5- Book of Meme (BOME)

BOME, which shook up the industry with its launch, was another project that succumbed to the retreat in BTC. BOME, which has decreased by 19.08 percent since May 6, disappointed its investors. Great expectations continue in the bull season for Memecoin, which has come to the fore with its sharp rises from time to time.

6- Popcat (POPCAT)

POPCAT, one of the GEM projects of the Memecoin category, has made a splash with its recent rise. However, the subsequent decline in BTC reversed the momentum in POPCAT. Memecoin, which started its downward movement on May 4, dropped to $ 0.4497 on May 8, losing a total decrease of 38.37 percent.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

Bitcoin (BTC), which has been moving downwards since $65,500, continues to keep altcoins on their toes.

Bitcoin, which recently attacked $65,500, gave strong signals for the crypto market. However, the pioneer of cryptocurrencies, which later started to decline again, retreated to the $ 62,000 band. During this period, large sales were observed in many altcoins. So, which altcoins caused danger with the loss of value in the last 24 hours?

1- dogwifhat (WIF) 11,60

WIF, one of the popular memecoins of the Solana ecosystem, ranked first on the list, losing 11.60 percent in value in the last 24 hours. WIF, which was shaken by the withdrawal of BTC, fell below $ 3, creating uneasiness both in the memecoin market and on a parity basis.

2- Arweave (AR) 8,50

AR, one of the most potential altcoins of 2024, decreased by 8.50 percent in the last 24 hours. With this development, AR, which ranked second on the list, disappointed its investors to some extent. AR's future price movements cannot be predicted at the moment.

3-Akash Network (AKT) 8.20

AKT, which stands out in the cloud service provider field, experienced a decrease of 8.20 percent in the last 24 hours. AKT, which has seen greater sales pressure compared to other altcoins in its category, will continue to create risks if it cannot rise above $ 4.50.

4- Helium (HNT) 8.05

HNT, which is well known to crypto miners, entered the list in fourth place with a decrease of 8.05 percent in the last 24 hours. HNT, which could not get rid of the sales pressure, naturally annoyed the miners. Mining activities may suffer further losses if the popular coin prices decline.

##5- JasmyCoin (JASMY)

JASMY, which once took the market by storm with its sharp rises, lost 6.20 percent in value in the last 24 hours. JASMY, one of the most popular coins of the 2021 bull, has been moving downwards in recent days. In a scenario where BTC retreats towards $60,000, a new selling wave may begin for JASMY.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

The transfer transactions of the hacker, who attacked the Crypto money exchange Poloniex**, created panic among users.

According to on-chain data from security firm PeckShield**, the hacker responsible for last year's Poloniex** hack transferred 1,100 Ethereum (ETH) worth approximately $3.4 million to the U.S.-approved cryptocurrency mixer Tornado Cash in an attempt to launder the stolen funds.

Transer scared by Poloniex attacker!

Poloniex drained $100 million during an attack on one of its hot wallets in November last year. Services like Tornado Cash are frequently used by cybercriminals to hide the trail of stolen cryptocurrency.

It is widely accepted that this attack is the work of North Korea's Lazarus Group, a notorious state-sponsored hacking organization that has previously carried out high-profile attacks, including a $600 million hack incident on the Ronin sidechain. In an earlier on-chain message, Poloniex offered the attacker a bounty of 5% (about $5 million) to return the remaining 95% of the stolen funds.

In a separate transaction involving Tornado Cash, PeckShield stated that an attacker linked to the $26 million hack at Kronos Research transferred 200 ETH today. Notably, Kronos Research was also a victim of the attack in November of last year, but it remains unclear whether the two incidents are directly linked.

This move by the Poloniex crypto attacker has caused concern not only for exchange users but also for the crypto market in general.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

"Social Monster" UXLINK has released the "IN UXLINK WE TRUST" series NFT as airdrop coupons. NFT are divided into four classes: "MOON", "TRUST", "FRENS", and "LINK", which correspond to different rights and interests depending on the user's community contribution, on-chain interactions, and assets, and the number of UXLINK tokens that will be airdropped.

NFT holders have generous rights and benefits, including:

1. 100% access to UXLINK native token Season 1 airdrops
2. UXLINK 2. Season and 3. Priority participation in seasonal airdrops
3. Access to joint air landings of UXLINK eco-projects and AIRDROP2049 projects
4. Voting rights in community governance

Currently, UXLINK has more than 5 million registered users, about 800,000 DAPP daily users, and 180,000 on-chain daily users. This issuance of NFT is expected to cover approximately 10% of the highest-quality users, exceeding 500,000.

About UXLINK

UXLINK is the largest web3 social platform and infrastructure for users and developers to discover, distribute, and trade crypto assets in unique socialized and group-based ways.

1. With 600K daily on-chain/off-chain active and 100K on-chain daily active users, it has gained over 5 million users.
2. User traffic and interactions organized by 90K+ web3-powered groups

To NFT mint UXLINK:

Contact information:

UXLINK Web:
UXLINK Twitter:
UXLINK Telegram:

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.

Which projects showed themselves in the altcoin, which had a positive atmosphere with Bitcoin (BTC) exceeding $63,500?

Moving upwards since testing $56,500, Bitcoin continues to green the crypto market. The leading of cryptocurrencies, which are currently above $ 63,000, has started to encourage altcoin. In particular, the increase in popular coin in a short time did not go unnoticed. What about these projects?

1- AIOZ Network (AIOZ)

AIOZ, which is described as the GEM among artificial intelligence projects, increased by 8 percent in the last 24 hours. AIOZ, which is not yet listed on tier-1 crypto exchanges, has excited its investors with its rises in recent days.

2- Solana (SOL)

With the re-emergence of the memecoin hype, SOL has experienced a 5 percent rise in the last 24 hours. After breaking $150, SOL, which started to give confidence to its investors and ecosystem, seems to target $200 with the positive course of the market.

3- Injective (INJ)

INJ, which makes good exits from time to time, increased by 4.50 percent in the last 24 hours, making its investors smile. The popular coin, which has been accumulating for a while, returned to the field with this move. INJ's next price movements are eagerly awaited.

4- Kaspa (KAS)

KAS, which shook the market by making a good debut later in 2023, has come to the fore again, increasing by 4 percent in the last 24 hours. The KAS, which is ahead of most projects in terms of ecosystem and investor base, will increase expectations in the bull season if it continues its rise movement.

5- Render (RNDR)

RNDR, one of the leading names in artificial intelligence coin, experienced an increase of 3.70 percent in the last 24 hours. The RNDR, which stepped on the gas with the support of artificial intelligence, seems to aim for even higher levels if it holds above $ 10.50.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.